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APPENDIX B - EXHIBIT II <br />IN-LIEU FEE ANALYSIS <br />AFFORDABILITY GAP APPROACH <br />OWNERSHIP HOUSING DEVELOPMENT <br />HOO: IN-LIEU FEE ANALYSIS <br />SANTA ANA, CALIFORNIA <br />Moderate Income <br />Units <br />I.Sales Price Difference 1 <br />A.Three-Bedroom Units <br />Market Rate Sales Price $690,000 <br />Affordable Sales Price 483,000 <br />Difference $207,000 <br />B.Four-Bedroom Units <br />Market Rate Sales Price $775,000 <br />Affordable Sales Price 542,500 <br />Difference $232,500 <br />II.Distribution of Total Units 2 <br />Three-Bedroom Units 70% <br />Four-Bedroom Units 30% <br />III.In-Lieu Fee <br />Per Inclusionary Unit 3 $215,000 <br />Inclusionary Housing Percentage 10% <br />Per Total Unit in the Project 4 $21,500 <br />Per Square Foot of Saleable Area 5 $13.00 <br />1 <br />2 Based on the unit mix distribution applied in the pro forma analysis. <br />3 Based on the weighted average difference between the market rate prices and the Affordable Sales Prices. <br />4 Based on the Affordability Gap Per Inclusionary Unit multiplied times the Inclusionary Housing Percentage. <br />5 Based on the Affordability Gap Per Inclusionary Unit divided by the average saleable area per unit. <br />The market rate sales prices are drawn from the pro forma analyses. (See APPENDIX A - EXHIBIT I). The Affordable Sales Prices are <br />based on the H&SC Section 50052.5 calculation methodology. (See APPENDIX B - EXHIBIT I). <br />Prepared by: Keyser Marston Associates, Inc. <br />File Name: 6 24 21 SA HOO Own; Fee Page 8 of 8